Our opinion: State must pursue PBM reform
It’s easy for our eyes to glass over when we hear state legislators are discussing legislation to reform the contract process between pharmacies and drug companies. Known as pharmacy benefit manager reform, there are three PBM companies that dominate the national market - Caremark, Express Scripts and Optum. According to the National Association of Insurance Commissioners, PBMs work with drug manufacturers, wholesalers, pharmacies and health insurers but only handle negotiations and payments in the supply chain. One of the worries with the system is the impact on small, ...